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World Bank sanctions $300 million for building roads in Tamil Nadu

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By Newsgram Staff Writer

To improve the capacity, quality and safety of Tamil Nadu’s core road network, World Bank has approved a $300 million loan for the ‘Second Tamil Nadu Road Sector Project ‘.

To help the state fulfill its vision, Second Tamil Nadu Road Sector Project will address the accumulated investment needs by supporting upgradation of 1,175 km of the core road network.

The project will adopt a contracting arrangement to encourage economies of scale. It will also offer stronger incentives for performance, viz., Engineering Procurement Construction (EPC) contracts (430 km), Public Private Participation (PPP) concessions (145 km) and long-term Performance-Based Maintenance Contracts (PBMC, 600 km).

“While Tamil Nadu has made impressive economic progress, the state government recognizes the need for improving infrastructure, particularly road infrastructure, to make growth more inclusive.  Better roads will help improve access to markets, healthcare and education while creating new jobs and boosting agriculture,” said Onno Ruhl, World Bank Country Director for India.

“Rapid growth has also led to substantial increase in vehicle ownership. An important aspect of the project will be to strengthen road safety in order to bring down the number of fatalities and serious injuries from traffic accidents in the state,” Ruhl added.

The first project – Tamil Nadu Road Sector Project – supported upgrading (724 km) and maintaining (1,030 km) roads along with several initiatives to strengthen institutions as well as road safety. These included a road safety policy, a Road Accident Database Management System, a Road Safety Fund, and black-spot improvement.

During the project period, number of fatalities from road accidents per 10,000 registered vehicles reduced from 19 in 2003 to 11 in 2012. The percentage of roads in poor condition in the state’s core road network (CRN), comprising state highways and major district roads, reduced from about 35 per cent to 8 per cent. Also, the share of roads with less than 2-lane width in CRN decreased from 60 per cent to 38 per cent.

“The first project had a number of institutional successes but there is also an unfinished agenda. The project will support the Government of Tamil Nadu in implementing a more sustainable strategy involving innovative contracting structures with scope for greater efficiency, a gradual shift towards more optimal allocation of budgetary support towards capacity expansion and maintenance and a more coordinated approach to road safety at the state and field levels,” said Pratap Tvgssshrk, Senior Transport Specialist and World Bank’s Task Team Leader for the project.

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World Bank to Help Sri-Lankan Farmers Improve Productivity and Tackle Climate Change

The project will ensure that all farmers obtain adequate access to training and research

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world bank, sri lanka
The project will ensure that all farmers obtain adequate access to training and research. Wikimedia

The World Bank on Monday approved a $125 million loan for Sri Lanka to help small farmers improve productivity and tackle climate change.

The programme will benefit more than 470,000 small farmers in six provinces in the dry zone of the country, selected for being most exposed to climate impacts, the World Bank said in a statement cited by Xinhua news agency.

Sri Lanka is particularly vulnerable to climate-related natural disasters such as floods and droughts with hundreds of people killed in recent years, the report said.

farmers, sri lanka, world bank
Sri Lanka is particularly vulnerable to climate-related natural disasters such as floods and droughts with hundreds of people killed in recent years, the report said. Pixabay

“Innovation, including the introduction of improved crop varieties, cropping patterns, water resources management, among others, can help farmers adapt to changing climate and improve their incomes and livelihoods,” said World Bank Country Director for Maldives, Nepal and Sri Lanka Idah Z. Pswarayi-Riddihough.

ALSO READ: Ethiopia to Renew Safety Questions After Devastating Plane Crash

The project will ensure that all farmers obtain adequate access to training and research.

Sri Lanka’s agriculture is one of the worst-affected sectors by climate change. Agriculture contributes about 7.7 per cent to the country’s economy and employs 27 per cent of the population. (IANS)